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Whether you work a full-time job or you are self-employed, you need multiple side gigs. They’re also excellent for stay-at-home-moms.
I’m a huge supporter of having multiple side gigs. While I write full-time, I also have other gigs that I’m working on. They don’t bring in a full-time income, but they do help to ease some of the financial stresses of life.
I recommend everyone to have at least one side gig, even if they’re in a stable full-time job. Having multiple gigs at once is a great way to support yourself financially.
No, you don’t need to be actively working on these side gigs to keep the money flowing in. They could be something that you put to one side for a few months here and there and pick up again because they’re seasonal or when you have time.
Types of side gigs that you could have
As I write full-time, my side gigs include Rover, financial services, reviewing music, and playing video games.
Some of them bring me in actual money that I can put into savings. With others, I earn points that I can use at Amazon to make purchases.
If I didn’t write full-time, I’d probably do that as a side gig*. I used to do it when I worked full-time as a lifeguard to help with the creative side of my brain, but now I just find that too much writing doesn’t bring me joy.
Some people will do photography, while others do crafting. Find gigs that you love and you’ll be able to put something together.
MORE: Why you need a side gig when you work full-time
Why multiple side gigs are a must
There is only so much that you can take out of your budget. Let’s face it; you’ve cut out the coffees and the subscription services. Your budget covers your basic outgoings and you’re living paycheck to paycheck. You need to find a way to add money to your budget.
Your side gigs will do that. It could be just an extra $100 per week, but that gives you something to put in savings and to spend on a luxury now and then. As you add more side gigs, you’ll add more income. You can make an extra $1000 or more depending on the type of gig you choose.
If you suddenly lose your job, you may find that a side gig* can turn into a full-time gig. Or you find that you have something to help while you’re looking for another job. It eases some of the stress.
But why multiple ones and not just one? Well, you don’t want to put all your eggs into one basket. Not only are you unlikely to make a replacement income with just one side gig, that gig can suddenly disappear. I used to make a living with writing work on Fiverr, and then suddenly, the site changed and I started to lose my levels because people would buy my gigs without reading the description and I’d be penalized for their mistake when the job had to be canceled.
What if your side gig suddenly disappears? You have to start from scratch on another gig. If you have multiple ones going at the same time, it’s not as daunting or scary to start a new one from scratch. You have the other gigs still running to help bring in some extra money.
Plus if you have plenty that are passive income, you can start to build them up with little work. It’s one of the things that I love about my financial services gig. I don’t need to worry too much about it as I make passive income. It’s not at where I can quit writing full-time yet, but it could be.
There’s no time like the present to start a side gig or two. What are you going to do?
MORE: Can work at home moms make a living on micro-job sites?
How many side gigs do you have? Share in the comments below.